Factors are reward tokens earned by actions equivalent to staking, buying and selling, or taking part in governance.
Neon EVM, an Ethereum Digital Machine (EVM) platform constructed on Solana, is the newest web3 mission to get in on the factors craze.
On Aug. 14, Neon introduced a brand new loyalty factors program to incentivize adoption, with customers receiving factors for each on-chain interplay throughout the Neon ecosystem. This system additionally goals to reward long-time supporters, with greater than 60 million factors set for distribution in complete, together with to early adopters, NFT holders, and key companions.
New customers can qualify for factors by bridging belongings, taking part in video games, minting NFTs, and executing different sensible contract interactions throughout the Neon ecosystem.
“We’re thrilled to introduce the Neon EVM Factors Program as a cornerstone of our group engagement technique,” stated Yuriy Yurchenko, Chief Product Officer at Neon EVM. “This program not solely acknowledges the contributions of our group members but additionally aligns with our imaginative and prescient of constructing a dynamic and interconnected blockchain ecosystem.”
Increased-value transactions and early adoption will enhance the probabilities of incomes extra factors, based on a launch shared with The Defiant.
Neon beforehand launched a factors program in December 2022, however the marketing campaign was restricted to rewarding customers for group actions like creating content material, participating in social media, and taking part in boards.
Neon Stack adoption surges
The brand new factors program comes because the Neon Stack is attracting rising adoption throughout the Ethereum and Solana ecosystems. The Neon Tech Stack permits builders emigrate Ethereum-compatible dApps onto Solana and vice versa.
In July, Eclipse, an Ethereum Layer 2 (L2) community, started utilizing the Neon Stack to facilitate compatibility between Ethereum and Solana. Eclipse employs Solana’s Digital Machine (SVM) for transactions, Celestia for knowledge availability, and RISC Zero for zero-knowledge fraud proofs.
That very same month, Sonic, a gaming-focused Solana L2, partnered with Neon to introduce EVM-compatibility to its Sonic Digital Machine (SVM). The transfer permits EVM builders to port their code on Sonic.
Additionally in July, Yona Community, a Bitcoin Layer 2 community, built-in Neon Stack, permitting builders to deploy dApps constructed for each the EVM and its present Solana Digital Machine on Yona.
